sustainability

Three leading global financial institutions recently announced updated environmentally linked targets aimed at reducing by 2030 their financed emissions in carbon-intensive sectors, including oil and gas.

The second annual progress report showcases how the SDG Roadmap is being implemented by Ipieca and its member companies.

This paper discusses how methane detection from oil and gas infrastructure using remote sensing technologies enables operators to quantify and minimize the emissions while gaining insight and an understanding of their operations through data analytics.

Spending on low-carbon projects will increase by $60 billion this year, 10% higher than 2022, led by wind developments but helped by a significant rise in funding for hydrogen and carbon capture, utilization and storage infrastructure, Rystad Energy research shows.

Although 2022 did not match 2021’s record of over 19.5 GW of online capacity, 2022 witnessed the second highest amount of global online capacity with almost 8.5 GW. Final investment decisions (FIDs) were taken on over 11.5 GW of projects, making it the fourth highest year for FIDs.

The past year has been a challenging one for companies on the ESG front. Overlapping environmental, social, and political crises—from flooding and wildfires to the first war in Europe in 80 years—have made the jobs of leaders that much harder.

The sites with the most CO2 emissions to capture are often far from the best rock to sequester it, leading to design projects for transport ships.

The Oil and Gas Climate Initiative says its members’ absolute upstream methane emissions were down 40% since 2017. That’s equivalent to taking more than 3 million cars off the road for a year.

In a move seen as part of BP's shift away from fossil fuels, the company said it may stop releasing its Statistical Review of World Energy, which it first published in 1952.